"The coup had a limited effect on our economy," Anadolu Agency quoted Simsek as saying. "Turkey’s economy will be one of the fastest developing economies from member countries of the Organization for Economic Cooperation and Development in 2016," he added.

"Nothing changed in the country, only democracy grew stronger," he noted.

A group of insurgents attempted a coup in Turkey overnight to Saturday. Bombs were dropped on the parliament building and the presidential palace in Ankara. The country’s leadership later said that the coup was quashed. Turkish Prime Minister Binali Yildirim said that the situation is under the control of the official government.

According to latest reports, 290 people died and 1,440 more were injured, not including participants in the coup attempt. Over 6,000 people were arrested after a failed coup attempt.